AMP LIMITED — Capital/Financing Update 2012

Aug 12, 2012

13 August 2012

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Westfield Group

The Manager Company Announcements Office ASX Limited Level 4, Exchange Centre 20 Bridge Street SYDNEY NSW 2000

Level 30 85 Castlereagh Street Sydney NSW 2000 GPO Box 4004 Sydney NSW 2001 Australia Telephone 02 9358 7000 Facsimile 02 9358 7077 Internet www.westfield.com

Dear Sir/Madam

WESTFIELD GROUP (ASX:WDC) RESPONSE TO MEDIA SPECULATION REGARDING POTENTIAL TRANSACTION

Westfield Group ( WDC ) wishes to respond to media speculation concerning a potential transaction between WDC, various AMP entities and other parties including an article which appeared in The Australian on Saturday, 11 August.

WDC confirms that it is in confidential negotiations with the AMP and various other parties (including Westfield Retail Trust ( ASX:WRT )) in relation to a proposed asset reallocation within the existing portfolio of assets in which AMP (including AMP managed funds), WDC and WRT have common interests. Negotiations are continuing but no binding arrangements have been entered into at this stage.

A further announcement will be made if these negotiations result in a binding agreement between the participating parties.

Yours faithfully

WESTFIELD GROUP

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Simon Tuxen Company Secretary

Westfield Holdings Limited ABN 66 001 671 496

Westfield Management Limited ABN 41 001 670 579 AFS Licence 230329 as responsible entity of Westfield Trust ABN 55 191 750 378 ARSN 090 849 746

Westfield America Management Limited ABN 66 072 780 619 AFS Licence 230324 as responsible entity of Westfield America Trust ABN 27 374 714 905 ARSN 092 058 449